An Algonquin man was charged with laundering over $500,000 of drug money through real estate, cryptocurrency and gold, police said.
Christopher J. Galie, 35, of the 1400 block of North Harrison Street in Algonquin, was charged with 12 counts of money laundering, a Class 1 felony.
The McHenry County Sheriff’s Office Narcotics Task Force arrested Galie and his wife, Kerriann Galie, in July 2019 after they were allegedly found in possession of over 100 pounds of marijuana, according to court documents.
Christopher Galie posted bail and had been free on bond at the time of his new arrest on Wednesday. He also faces a charge of violation of bail bond.
The McHenry County Sheriff’s Office said that Galie had laundered over $500,000 earned from drug sales to purchase real estate, cryptocurrency, and gold and silver bars.
Court documents filed in McHenry County court allege that Galie had laundered the money over a span of five years.
Galie allegedly laundered over $100,000 from the time he had been released from jail on his drug charges until he was arrested again, according to a motion filed by prosecutors.
Galie remains held in the McHenry County Jail on a $400,000 bond. He is scheduled to appear in court again on Monday.
The investigation is ongoing and police ask anyone with information to contact the McHenry County Sheriff’s Office Criminal Investigation Division at 815-334-4750, McHenry County Crime Stoppers at 800-762-7867 or the Sheriff’s Office tip line at TipLine@mchenrycountyil.gov.